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Negotiated |
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When a negotiated delivery method is used, the owner and contractor negotiate a lump sum cost, or guaranteed maximum price. The owner and contractor go through a complete value-engineering process to ensure material availability and constructability methods. Because a negotiated delivery method is rarely based on low bid, it is inherently a value-based delivery method, vs. a strictly low cost method. |
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| Advantages |
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Highest quality |
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General contractor involved earlier in design development |
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Construction can start before construction documents are completed |
| Disadvantages |
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Minimal, if trust exists between the entities |
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